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Flutter Entertainment has raised more than £800m in a share placing to reduce debt and be ready to expand its US business in the wake of the coronavirus crisis.
Britain’s manufacturers are poised to make tens of thousands of workers redundant after a worse-than-expected slump in orders, prompted by the pandemic that has left many firms struggling to survive. A survey by the manufacturers’ lobby group, Make UK, found that 25% of companies are already drawing up plans to cut jobs in the next six months. A further 45% say they are considering redundancies. – Guardian.
